The US Dollar (USD) is tracking higher. Headlines indicating that Trump might cite a national economic emergency as the justification for a new round of broadly applied tariffs is driving the USD higher in early trade, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

US Dollar (USD) retains a softer undertone, leaving the DXY trading close to the lows seen around the holiday period, Scotiabank’s Chief FX Strategist Shaun Osborne notes.